Abu Dhabi – Mubasher: International Fish Farming Holding said Tuesday that its fully-owned subsidiary Alliance Food Security Holding (AFSH) has signed a memorandum of understanding (MoU) with Ajban Feed Company.
The MoU is aiming at entering a partnership agreement to buy a stake in the unit production of concentrated animal feed in Abu Dhabi, according to a bourse filing.
This comes in the frame of the company’s expansion strategy, which aims to achieve integration and independence in the area of food and food security in the region.
The stock ended Monday’s trading with a growth of 3.5% to AED 1.48.
